How Much Is the Standard Deduction?

Dr Friday Tax Tips - One Minute Moment
Dr. Friday Tax Tips
How Much Is the Standard Deduction?

Dr. Friday 0:00
Good day. I’m Dr. Friday, President of Dr. Friday’s Tax and Financial firm. To get more info go to This is a one-minute moment.

Dr. Friday 0:12
When we’re looking at taxes, one of the things we have to remember is how much is the standard deduction. If you’re married $25,900, single $12,950. Why is that important? Because remember, if I earn as a single person 12,950 on a W-2, I’m going to pay zero tax, right? That’s the zero tax bracket. And then everything above that for another 12,000 Almost is going to be at 12%. These numbers make sense, and they’re very, very important again. Right now, you might be done with 2022. But we’re in 2023. And we need to start preparing. Go to for more help.

Announcer 0:51
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